The best FX trade last week had a commodity-currency flair

NZD/CAD was the top performer

The New Zealand dollar was the top performer in G10 FX last week while the Canadian dollar lagged.

More generally, the US dollar was strong after the Federal Reserve dots kept a December hike very-much in play. The Canadian dollar losses were at least partly because of soft CPI and retail sales numbers released Friday while the NZD is bouncing around on election prospects.

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